Luxshare Precision Announces 2022FY and 2023FYQ1 Financial Results

Despite facing numerous challenges over the past year, including a global economic slowdown and weak demand for consumer electronics, Luxshare Precision, a leading global manufacturer of cable & connector assembly and system solutions for consumer electronics, automotive interconnect and communication interconnect, has achieved remarkable results.

On April 27, Luxshare Precision released its annual report for 2022 and its first-quarter results for 2023. In 2022, the company achieved an operating revenue of approximately RMB214.028 billion, representing a year-on-year increase of 39.03%. Net profit attributable to shareholders of the listed company was about RMB9.163 billion, representing a year-on-year increase of 29.6%.

In the first quarter of 2023, Luxshare Precision kept its growth momentum, achieving operating revenue of RMB49.942 billion, representing a year-on-year increase of 20.05%. Net profit attributable to shareholders of the listed company was RMB2.018 billion, representing a year-on-year increase of 11.9%.

Although the market raised questions about Luxshare Precision’s reliance on a single large customer, from the recently published financial report can we see that it has chosen to grow alongside the world’s prime clients and has better credit terms than its peers. This not only accelerates the turnover of accounts receivable but also ensures a healthy cash flow.

In 2022, Luxshare Precision’s net cash flow from operating activities was RMB12.728 billion, representing a year-on-year increase of 74.72%, which shows a significant improvement. At the same time, the company’s accounts receivable turnover days in 2022 were 48.5 days, showing a decrease of 4.66 days.

According to news from Taiwan’s Economic Daily News on April 26, Apple will include Pegatron and Luxshare Precision as iPhone 15 series suppliers. It is expected that Pegatron will obtain iPhone 12% assembly share of 15 Pro mobile phones, while Luxshare Precision will obtain 15% assembly share of iPhone 15 Ultra mobile phones. Based on market data, Luxshare Precision shipped approximately 20 million iPhones in 2022, and under optimistic estimates, the company’s iPhone shipments this year could increase to 42-50 million units.

In addition, Luxshare Precision’s R&D investment has seen a steady increment in recent years. In terms of R&D investment, the company has invested a total of RMB20.834 billion in the past three years, of which RMB8.447 billion was invested in 2022, hitting a five-year high. In 2022, the company accumulated 4,526 invention patents, representing an increase of 46.47% compared to the end of 2021, leading the industry in R&D strength.

It is also worth noting that the company’s interim report forecast for 2023 was also released alongside the Q1 report, showing that Luxshare Precision’s performance in the first half of 2023 has stable progress. Net profit attributable to shareholders of the listed company for the first half of 2023 is expected to be RMB4.162-4.541 billion, representing a year-on-year increase of 10%-20%.

In summary, Luxshare Precision is moving from a single business mode to a more diversified and comprehensive development. Given the vast blue ocean market and great growth opportunities, it is believed that Luxshare Precision has a promising future.

Topic: Press release summary

Sectors: Electronics, Engineering

From the Asia Corporate News Network

Copyright © 2023 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

CENSON Adds Precision Health for Remote Patient Monitoring

 Precision medicine, also called personalized medicine, helps your doctor find your unique disease risks and then assigns treatments that will work best for you. CENSON Health has added this capability to its Remote Patient Monitoring platform.

The goal of precision medicine is to provide a more precise approach for the prevention, diagnosis and treatment of disease.

This approach helps the doctor find the unique disease risks and treatments that will work best for the patient. CENSON Health has added this capability to its Remote Patient Monitoring platform.

Simon Censon, CEO of CENSON Health noted: “Your genetics and behaviors (such as exercise and eating habits), and environment are all factors that affect your health. The goal of precision health is to protect your health by measuring these factors and acting on them. Interventions can be tailored to you, rather than using the same approach for everyone.”

Precision health includes precision medicine, but also approaches that occur outside the setting of a doctor’s office or hospital, such as disease prevention and health promotion activities. Precision health involves approaches that everyone can do on their own to protect their health.

“By understanding a patient’s underlying situation, and then using remote patient monitoring, it is easier to develop a treatment path that is most likely to succeed. Patient monitoring, without understanding the causes of the patient’s condition, is basically a waste of time,” added Mr Censon.

CENSON Health has incorporated the use of smart-phone based bio-markers to collect and understand patient vital signs, and then applies this knowledge to deploy nutrition, exercise, and medication programs that can be optimized for each patient.

“We are seeing improved patient adherence to treatment plans when patients can see how different lifestyle factors contribute to their wellness.”

CENSON Health is a developer and provider of health care solutions for home health care, assisted living, skilled nursing, and medical groups. Our remote patient monitoring solutions are AI enhanced to support the decision-making process of providers, and present the most appropriate patient health indicators in a timely and easily accessed manner.

Simon Censon
Cell: 307-278-9811



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Precision Machine & Manufacturing (PMM) Announces Expansion Into Mexico

 Precision Machine & Manufacturing, Inc. (PMM) has announced a formal partnership with VYSISA Grupo as the exclusive distributor for the sales and service of all new Rotary Feeders, Rotary Valves and replacement parts in Mexico, Panama, and Jamaica.

About VYSISA Group- Privately held VYSISA Group brings more than 30-years of experience providing bulk handling solutions into industrial manufacturing industries throughout Latin America. VYSISA’s focus is reducing unscheduled downtime and maintenance costs by providing the highest quality products and service in the industry. In addition, VYSISA has a network of service centers to provide immediate support and availability of service parts.

“The Mexican market has been on our radar for many years. However, it has taken a considerable amount of time to find a partner within this market that aligns with our values and desire to solve the most difficult material handling challenges,” says Don Lindsey- Precision Machine & Manufacturing’s Chief Executive Officer. “VYSISA is the perfect fit for PMM because they desire to provide superior customer service and the premier American made material handling components in the industry. Like PMM, VYSISA leans into the most difficult material handling issues and truly cares about solving the customer’s challenges.”

“At the VYSISA Group of Companies, we couldn’t be more excited to partner with Precision Machine & Manufacturing,” echoes Erasto Enriquez Cancino-Commercial Director. “Precision’s mission to provide the highest quality material handling components specifically for our targeted industries makes this partnership a perfect fit.”

About Precision Machine and Manufacturing

Established in 1977, Precision Machine & Manufacturing (PMM), is an Original Equipment Manufacturer (OEM) of industry leading bulk material handling components. PMM specializes in building high-quality rotary feeders, rotary valves, and screw conveyors, specifically for industrial raw material production in the cement, biomass, wood products, pulp & paper, metals & minerals, and coal-fired power industries to move massive amounts of bulk materials consistently and reliably. PMM specializes in solving the most difficult material handling challenges including abrasive, hot, sticky and corrosive materials. PMM has developed a reputation as a trusted go-to resource for building material handling components that run longer, achieve greater throughput with more reliably than more common industry options.

VYSISA Representative contact information:

Jorge David Navarro M.


Mobil: 55 8003 8796

Learn more about Precision Machine & Manufacturing outage-to-outage dependability solutions here:

Precision Machine & Manufacturing

Don Lindsey



VYSISA Group-Mexico City

VYSISA Group-Mexico City


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